Low coal prices and high taxation have had a devastating impact on British Columbia’s coal mining industry, according to a report by The Coopers & Lybrand Consulting Group. The industry’s return on co…
Anderson Expl. — BC Sugar Refinery bought 164,706 (Sept, private) to hold 3,684,848. Kerr Addison bought 392,157 (Sept, private) to hold 6,202,281. Atlantic Goldfields — A. Howe sold 257,000 to hold…
The Ptarmigan gold mine near Yellowknife, N.W.T., is proving to be a solid source of cash flow for Treminco Resources (TSE), a company managed by a board of directors almost entirely made up of former…
LynnGold Resources (TSE) and Trans America Industries (VSE) have outlined gold reserves amenable to open pit mining on their Burnt Timber property, located seven miles southeast of Lynn Lake, Man. Bas…
Improved zinc prices and income from the Polaris mine in the Northwest Territories boosted net earnings for Pine Point Mines (TSE) to $43.9 million during the first nine months of 1988 from $21.4 mill…
Nippon Mining Company, Japan’s largest producer of copper, is now exploring for precious metals in North America through a subsidiary based in Reno, Nev. A few years ago, Nippon made the decision to b…
Toronto-based Dickenson Mines (TSE) has reported increased gold production from its Red Lake mine during the third quarter. Gold production at the Arthur White Mine for the first nine months of this y…
More encouraging results have been reported by Armistice Resources (ME) from a hole drilled between 1,500 ft and 2,100 ft at the company’s gold project near Vir- giniatown in northern Ontario. Hole 12…
Financing precious metals projects was the theme of a 2-day seminar at the Metro Toronto Convention Centre last week. The seminar, organized by the Institute for International Research, included 11 sp…
Third-quarter earnings for Lac Minerals (TSE) rose by 20% compared with the same period in 1987, while 9-month earnings this year were up by 34%. Earnings for the third quarter amounted to $12.2 milli…
Magma Copper says it is reducing employment by about 7% at its San Manuel, Ariz., division and laying off approximately 200 hourly rated employees and a yet to be determined but proportionate number o…
I have been a fond reader of The Northern Miner for years and noticed (N.M., Aug 29/88) where Richard Buell quotes about the accident at the Paymaster mine in his Timmins report, and about Black River…
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